Terms and conditions

READ THE FOLLOWING TERMS AND CONDITIONS (the “T&C”) CAREFULLY AS THEY CONTAIN IMPORTANT INFORMATION ABOUT YOUR RIGHTS AND OBLIGATIONS IN RELATIONS WITH DUKASCOPY

Contest Philosophy

Before starting trading in the Contest it is recommended to read the Philosophy of the Contest. To win the Trader contest a participant needs to achieve the following goals:

  1. To reach the maximum profit within 1 month with the maximum loss limit of 100’000 USD.
  2. To attract other traders to copy trades generated by the contestant’s trading strategies by showing them outstanding quality of trading.
Additionally Dukascopy expects from participants:
  1. To show long-term consistent trading results (6 and 12 months respective).
  2. To explain the idea of the trading strategy and the decision behind each action to other traders.

The Trader Contest should be considered as trading within the monthly limit of 100,000 US dollars renewable each month. The loss of all funds during the contest month should be considered as loss of monthly limit rather than loss of all funds on regular trading account.

One of the contest’s goals is to attract other traders to copy participant’s trades. Number of subscribers is an important factor to win the prize.

Participating in the Trader contest automatically means participating in the Signal Provider Grand Prix with additional prizes! Each month five traders with the highest average profitability in six-month and/or 12-month nomination will compete for additional money prizes. Moreover, the best trader in the 12-month nomination will be awarded a 2,000 USD money prize and the title of the Trader of the Year. Keep in mind that the long term contest (Grand Prix) is based on the two criteria – your equity growth and draw-down.

Scalping and using high leverage are not welcome in the Contest. The set of rules was introduced to encourage predictability, explanations and the ability to reproduce (copy) the trades of the contestants. To ensure this, the rules of the contest contain specific trading conditions and restrictions. Also, one of the main ideas of the rules is to reduce possible cheating.

The Trader Contest is the place where all participants can promote themselves as traders and become popular. Trade, win, create a track record and use it to present yourself. Trader contest is a great place to make a trading career!

Contest Model

Dukascopy Trader Contest (the "Contest") is a forex competition between participants using DEMO accounts for manual trading only (the "Participants"). Any forms of automated trading are forbidden. Several trading limitations are designed to make the competition more fair and analytical.

Participants are expected to keep a register of their trading activity: write blog posts about their deals, trading methods, expectations, thoughts behind the deals, trading plans and other related to the Participant’s trading information. Plagiarism is strictly forbidden. The amount of the quoted text must correspond with the purpose of citing.

The posts of each participant are displayed in “Trader's blog” section on his contest page and also in Community Blog and are tagged “Trader's blog”. The quality and accuracy of these records will be beneficial for obtaining more blog points from Contest’s moderator.

Final ranking of participant represents the sum of points for pure trading performance, copied volume by the signal subscribers, quality of orders and the points for Trader's blog.

Despite the fact the Trader contest leaders table will show participants with less than 60% max draw-down for the current month the traders with higher draw-down can also claim prizes.

The Contest is conducted regularly on a monthly basis. The total prize fund is 28,000$ to be shared among the winners.

Registration Rules

  1. The Contest is held by Dukascopy ('Dukascopy') on DEMO accounts for manually trading on a regular monthly basis.
  2. For each respective month, registration opens on the 25th day of the previous month and remains available until the 25th day of that month. For example, registration for January 2011 is opened from 25.12.2010 till 25.01.2011
  3. Only persons aged 18 or over are eligible to apply for a registration in the Contest.
  4. Participants agree to provide true information during registration. If a Participant becomes eligible for any prize, information provided during his/her registration will be used for the opening of a live account with Dukascopy in the name of that Participant. In case of information being false, inaccurate or incomplete, Dukascopy may declare the participation in the Contest void at any time and at its sole discretion.
  5. Participant must register under a unique 'Nickname' which can not be used by any third person in the future. Among other, multiple registrations and/or use of proxy servers may result in the relevant Participant's disqualification.
  6. Participants shall acknowledge and agree that their trading history, any picture, personal data, and any other information posted on Dukascopy's Traders Blog are accessible to the public and that Dukascopy does not ensure any confidentiality in this respect whether or not participants already have a live account open with Dukascopy or intend / need to open such live account. Consequently, participants shall waive expressly the benefit of Swiss Banking Secrecy and release Dukascopy from any liability in that respect in the frame of the Trader Contest / Traders Blog.
  7. Participants shall acknowledge and accept that, in case they are awarded with a prize by Dukascopy, they may be asked to participate in promotional events, interviews, public announcements in connection with the Contest and that Dukascopy may make use of their names, trading history and references. Consequently, participants shall waive expressly the benefit of Swiss Banking Secrecy and release Dukascopy from any liability in that respect.
  8. Participants further acknowledge and agree that should they refuse Dukascopy's request to participate in above-mentioned promotional events, Dukascopy has the right to disqualify such participants and to give the respective prize to other participants.
  9. It is forbidden to use any kind of links in the profile pictures. Any sort of advertisement, restricted sensible content is also not allowed. Dukascopy reserves the right to delete the avatar upon detection of this rule's violation.
  10. Login names containing any trademarks of Dukascopy or its products are not allowed. Words like 'Dukascopy', 'SWFX', 'JForex' and other brand names associated with Dukascopy are forbidden.

Trading Rules

  1. Contest accounts are registered with an initial deposit of USD 100,000.
  2. Trading can be performed using the Java, Android and iPhone/iPad/iPod platforms (no trading possible via web-platform).
  3. The minimum and maximum order size is 100,000 and 5,000,000 currency units respectively.
  4. Only 5 instruments can be opened simultaneously by a Participant.
  5. Only 1 position could be opened at any instrument (if there is already an entry order, there is no possibility to open a market order and vice versa).
  6. The total amount of positions opened during the Contest by one Participant must be at least 10. At the end of the Contest all open positions will be automatically closed 1 hour prior to the settlement.
  7. All positions must have Take Profit (TP) and Stop Loss (SL) orders assigned.
  8. Take profit and Stop Loss levels should not exceed 2% from the opening price for EUR/USD. Limits for the rest instruments recalculating each settlement according to "Pip Conversion Schedule". E.g. Limits for AUD/JPY=(EUR/USD Points/AUD/JPY Points)*2%=1/1.74*2=1.15%; for EUR/NOK=(EUR/USD Points/EUR/NOK Points)*2%=1/0.17*2=11.76%, etc.
  9. TP, SL levels can not initially be set closer than 5 pips either to market price, or to entry price.
  10. It is forbidden to cancel already set SLs and TPs.
  11. All contest trading accounts are subject to the same margin requirements and policies as regular demo accounts. This includes the application of end-of-week leverage (1:30) each Friday, at 18:00 GMT.
Pip Conversion Schedule (by last settlement)
Instrument Rate 1 pip value
$/1Mio$
Points
ADA/USD 0.3515 28450 317.59
AED/CNH 1.9173 52 0.58
AED/CZK 6.1134 164 1.83
AED/HKD 2.1211 47 0.53
AED/HUF 95.8553 1 0.01
AED/JPY 39.19 255 2.85
AED/MXN 5.2860 19 0.21
AED/RON 1.2105 83 0.92
AED/SAR 1.0220 98 1.09
AED/THB 8.9685 1115 12.45
AED/TRY 9.3026 11 0.12
AED/ZAR 4.7461 21 0.24
AUD/AED 2.5000 40 0.45
AUD/CAD 0.9237 108 1.21
AUD/CHF 0.5787 173 1.93
AUD/CNH 4.7934 21 0.23
AUD/CZK 15.2829 65 0.73
AUD/DKK 4.5482 22 0.25
AUD/HKD 5.3030 19 0.21
AUD/HUF 239.6785 42 0.47
AUD/ILS 2.5693 39 0.43
AUD/JPY 97.93 102 1.14
AUD/MXN 13.2143 8 0.08
AUD/NOK 7.1375 14 0.16
AUD/NZD 1.0911 92 1.02
AUD/PLN 2.6036 38 0.43
AUD/RON 3.0266 33 0.37
AUD/SAR 2.5549 39 0.44
AUD/SEK 6.9230 14 0.16
AUD/SGD 0.8786 114 1.27
AUD/THB 22.4285 446 4.98
AUD/TRY 23.2305 4 0.05
AUD/USD 0.6807 147 1.64
AUD/ZAR 11.8564 8 0.09
AVE/USD 152.8100 65 0.73
BAT/USD 0.1831 546 6.1
BCH/CHF 285.9500 3497 39.04
BCH/EUR 301.1500 3321 37.07
BCH/GBP 252.3500 3963 44.24
BCH/USD 336.1500 2975 33.21
BTC/CHF 53 426.0000 19 0.21
BTC/EUR 56 285.0500 18 0.2
BTC/GBP 47 157.0000 21 0.24
BTC/USD 62 822.7000 16 0.18
CAD/AED 2.7063 37 0.41
CAD/CHF 0.6265 160 1.78
CAD/CNH 5.1894 19 0.22
CAD/CZK 16.5437 60 0.67
CAD/DKK 4.9242 20 0.23
CAD/HKD 5.7406 17 0.19
CAD/HUF 259.6140 39 0.43
CAD/ILS 2.7814 36 0.4
CAD/JPY 106.03 94 1.05
CAD/MXN 14.3068 7 0.08
CAD/NOK 7.7283 13 0.14
CAD/PLN 2.8203 35 0.4
CAD/RON 3.2765 31 0.34
CAD/SAR 2.7658 36 0.4
CAD/SEK 7.4934 13 0.15
CAD/SGD 0.9511 105 1.17
CAD/THB 24.2870 412 4.6
CAD/TRY 25.1442 4 0.04
CAD/USD 0.7369 14 0.15
CAD/ZAR 12.8070 8 0.09
CHF/AED 4.3193 23 0.26
CHF/CNH 8.2824 12 0.13
CHF/CZK 26.4063 38 0.42
CHF/DKK 7.8598 13 0.14
CHF/EUR 1.0536 95 1.06
CHF/HKD 9.1614 11 0.12
CHF/HUF 414.3130 24 0.27
CHF/ILS 4.4390 23 0.25
CHF/JPY 169.26 59 0.66
CHF/MXN 22.8344 4 0.05
CHF/NOK 12.3338 8 0.09
CHF/PLN 4.5016 22 0.25
CHF/RON 5.2290 19 0.21
CHF/SAR 4.4146 23 0.25
CHF/SEK 11.9605 8 0.09
CHF/SGD 1.5181 66 0.74
CHF/THB 38.7045 258 2.88
CHF/TRY 40.1611 2 0.03
CHF/USD 1.1761 9 0.09
CHF/ZAR 20.4407 5 0.05
CMP/USD 44.7550 2234 24.94
CNH/CZK 3.1886 314 3.5
CNH/HKD 1.1063 90 1.01
CNH/HUF 49.9905 200 2.23
CNH/JPY 20.44 489 5.46
CNH/MXN 2.7570 36 0.4
CNH/THB 4.6755 2139 23.88
CNH/TRY 4.8518 21 0.23
CNH/ZAR 2.4683 41 0.45
CZK/HUF 15.6870 64 0.71
CZK/JPY 6.41 156 1.74
CZK/THB 1.4671 7 0.08
CZK/TRY 1.5213 7 0.07
DGE/USD 0.1055 94787 1058.13
DKK/AED 0.5497 182 2.03
DKK/AUD 0.2199 45 0.51
DKK/CNH 1.0539 95 1.06
DKK/CZK 3.3601 298 3.32
DKK/HKD 1.1660 86 0.96
DKK/HUF 52.7170 190 2.12
DKK/ILS 0.5649 177 1.98
DKK/JPY 21.54 5 0.05
DKK/MXN 2.9055 34 0.38
DKK/RON 0.6655 150 1.68
DKK/SAR 0.5617 178 1.99
DKK/THB 4.9280 2029 22.65
DKK/TRY 5.1110 20 0.22
DKK/ZAR 2.6039 38 0.43
DSH/USD 24.9130 401 4.48
ENJ/USD 0.2115 47281 527.82
EOS/USD 0.5147 1943 21.69
ETC/USD 18.9250 5284 58.99
ETH/CHF 2 160.6000 463 5.17
ETH/EUR 2 276.2000 439 4.9
ETH/GBP 1 907.0500 524 5.85
ETH/USD 2 540.6000 394 4.39
EUR/AED 4.1001 24 0.27
EUR/AUD 1.6399 61 0.68
EUR/CAD 1.5149 66 0.74
EUR/CHF 0.9491 105 1.18
EUR/CNH 7.8611 13 0.14
EUR/CZK 25.0626 40 0.45
EUR/DKK 7.4592 13 0.15
EUR/GBP 0.8380 119 1.33
EUR/HKD 8.6971 11 0.13
EUR/HUF 393.1490 25 0.28
EUR/ILS 4.2136 24 0.26
EUR/JPY 160.66 62 0.69
EUR/MXN 21.6710 5 0.05
EUR/NOK 11.7069 9 0.1
EUR/NZD 1.7896 56 0.62
EUR/PLN 4.2724 23 0.26
EUR/RON 4.9635 20 0.22
EUR/SAR 4.1898 24 0.27
EUR/SEK 11.3493 9 0.1
EUR/SGD 1.4408 69 0.77
EUR/THB 36.7590 272 3.04
EUR/TRY 38.1225 3 0.03
EUR/USD 1.1163 90 1
EUR/ZAR 19.4417 5 0.06
GBP/AED 4.8929 20 0.23
GBP/AUD 1.9571 51 0.57
GBP/CAD 1.8077 55 0.62
GBP/CHF 1.1327 88 0.99
GBP/CNH 9.3819 11 0.12
GBP/CZK 29.9093 33 0.37
GBP/DKK 8.9016 11 0.13
GBP/HKD 10.3787 10 0.11
GBP/HUF 469.2585 21 0.24
GBP/ILS 5.0289 20 0.22
GBP/JPY 191.69 52 0.58
GBP/MXN 25.8645 4 0.04
GBP/NOK 13.9717 7 0.08
GBP/NZD 2.1359 47 0.52
GBP/PLN 5.0978 20 0.22
GBP/RON 5.9240 17 0.19
GBP/SAR 5.0006 20 0.22
GBP/SEK 13.5496 7 0.08
GBP/SGD 1.7194 58 0.65
GBP/THB 43.8530 228 2.55
GBP/TRY 45.4910 2 0.02
GBP/USD 1.3323 75 0.84
GBP/ZAR 23.1963 4 0.05
HKD/CZK 2.8818 347 3.87
HKD/HUF 45.2055 221 2.47
HKD/JPY 18.47 5 0.06
HKD/MXN 2.4923 40 0.45
HKD/THB 4.2275 2365 26.41
HKD/TRY 4.3827 23 0.25
HKD/ZAR 2.2334 45 0.5
ILS/AED 0.9730 103 1.15
ILS/CNH 1.8656 54 0.6
ILS/CZK 5.9482 168 1.88
ILS/HKD 2.0638 48 0.54
ILS/HUF 93.1650 107 1.2
ILS/JPY 38.13 262 2.93
ILS/MXN 5.1434 19 0.22
ILS/RON 1.1780 85 0.95
ILS/SAR 0.9944 101 1.12
ILS/THB 8.6980 1150 12.83
ILS/TRY 9.0514 11 0.12
ILS/ZAR 4.6057 22 0.24
IOT/USD 0.1355 73801 823.86
JPY/HUF 2.45 41 0.46
LNK/USD 11.4140 876 9.78
LTC/CHF 55.5000 18018 201.14
LTC/EUR 58.5000 17094 190.83
LTC/GBP 48.9500 20429 228.06
LTC/USD 65.2500 15326 171.09
MAN/USD 0.2945 33956 379.06
MAT/USD 0.3985 25094 280.13
MKR/USD 1 514.8400 66 0.74
MXN/CHF 0.0438 228 2.55
MXN/CZK 1.1565 9 0.1
MXN/HUF 18.1459 55 0.62
MXN/JPY 7.41 13 0.15
MXN/THB 1.6958 6 0.07
MXN/TRY 1.7598 57 0.63
NEO/USD 10.0400 9960 111.19
NOK/AED 0.3502 286 3.19
NOK/CNH 0.6716 149 1.66
NOK/CZK 2.1408 467 5.21
NOK/DKK 0.6372 157 1.75
NOK/HKD 0.7428 135 1.5
NOK/HUF 33.5750 298 3.32
NOK/ILS 0.3600 278 3.1
NOK/JPY 13.72 7 0.08
NOK/MXN 1.8516 54 0.6
NOK/RON 0.4240 236 2.63
NOK/SAR 0.3579 279 3.12
NOK/SEK 0.9696 103 1.15
NOK/THB 3.1400 3185 35.55
NOK/TRY 3.2570 31 0.34
NOK/ZAR 1.6611 60 0.67
NZD/AED 2.2907 44 0.49
NZD/AUD 0.9165 11 0.12
NZD/CAD 0.8464 118 1.32
NZD/CHF 0.5303 189 2.11
NZD/CNH 4.3924 23 0.25
NZD/CZK 14.0040 71 0.8
NZD/DKK 4.1681 24 0.27
NZD/HKD 4.8600 2058 22.97
NZD/HUF 219.6885 46 0.51
NZD/ILS 2.3543 42 0.47
NZD/JPY 89.74 111 1.24
NZD/MXN 12.1093 8 0.09
NZD/NOK 6.5415 15 0.17
NZD/PLN 2.3873 42 0.47
NZD/RON 2.7733 36 0.4
NZD/SAR 2.3411 43 0.48
NZD/SEK 6.3438 16 0.18
NZD/SGD 0.8051 124 1.39
NZD/THB 20.5515 487 5.43
NZD/TRY 21.3042 5 0.05
NZD/USD 0.6238 160 1.79
NZD/ZAR 10.8413 9 0.1
PLN/AED 0.9602 104 1.16
PLN/CNH 1.8412 54 0.61
PLN/CZK 5.8660 170 1.9
PLN/DKK 1.7465 57 0.64
PLN/HKD 2.0360 49 0.55
PLN/HUF 92.0370 109 1.21
PLN/ILS 0.9868 101 1.13
PLN/JPY 37.61 266 2.97
PLN/MXN 5.0757 20 0.22
PLN/NOK 2.7409 36 0.41
PLN/RON 1.1624 86 0.96
PLN/SAR 0.9813 102 1.14
PLN/SEK 2.6578 38 0.42
PLN/THB 8.6088 12 0.13
PLN/TRY 8.9289 11 0.13
PLN/ZAR 4.5428 22 0.25
RON/CNH 1.5837 63 0.7
RON/CZK 5.0494 198 2.21
RON/HKD 1.7520 57 0.64
RON/HUF 79.0360 127 1.41
RON/JPY 32.36 309 3.45
RON/MXN 4.3662 23 0.26
RON/THB 7.3920 1353 15.1
RON/TRY 7.6838 13 0.15
RON/ZAR 3.9084 26 0.29
SAR/CNH 1.8762 53 0.6
SAR/CZK 5.9821 167 1.87
SAR/HKD 2.0755 48 0.54
SAR/HUF 93.8190 107 1.19
SAR/JPY 38.34 261 2.91
SAR/MXN 5.1726 19 0.22
SAR/RON 1.1847 84 0.94
SAR/THB 8.7780 1139 12.72
SAR/TRY 9.1028 11 0.12
SAR/ZAR 4.6367 22 0.24
SEK/AED 0.3611 277 3.09
SEK/CNH 0.6924 144 1.61
SEK/CZK 2.2079 453 5.06
SEK/DKK 0.6572 152 1.7
SEK/HKD 0.7660 131 1.46
SEK/HUF 34.6475 289 3.22
SEK/ILS 0.3712 269 3.01
SEK/JPY 14.15 7 0.08
SEK/MXN 1.9090 52 0.58
SEK/RON 0.4372 229 2.55
SEK/SAR 0.3691 271 3.02
SEK/THB 3.2375 3089 34.48
SEK/TRY 3.3580 30 0.33
SEK/ZAR 1.7127 58 0.65
SGD/AED 2.8457 35 0.39
SGD/CNH 5.4563 18 0.2
SGD/CZK 17.3948 57 0.64
SGD/DKK 5.1771 19 0.22
SGD/HKD 6.0363 17 0.18
SGD/HUF 272.8630 37 0.41
SGD/ILS 2.9246 34 0.38
SGD/JPY 111.51 90 1
SGD/MXN 15.0423 7 0.07
SGD/NOK 8.1254 12 0.14
SGD/PLN 2.9647 34 0.38
SGD/RON 3.4451 29 0.32
SGD/SAR 2.9081 34 0.38
SGD/SEK 7.8780 13 0.14
SGD/THB 25.5125 392 4.38
SGD/TRY 26.4601 4 0.04
SGD/ZAR 13.4646 7 0.08
THB/HUF 10.6913 9 0.1
THB/JPY 4.37 23 0.26
TRX/USD 0.1521 658 7.34
TRY/AUD 0.0430 232 2.59
TRY/HUF 10.3100 970 10.83
TRY/JPY 4.21 2377 26.54
TRY/SEK 0.2980 336 3.75
TRY/THB 0.9645 104 1.16
UNI/USD 6.7375 1484 16.57
USD/AUD 1.4691 7 0.08
USD/CAD 1.3570 74 0.82
USD/CHF 0.8503 118 1.31
USD/CNH 7.0419 14 0.16
USD/CZK 22.4531 45 0.5
USD/DKK 6.6815 15 0.17
USD/EUR 0.8958 11 0.12
USD/GBP 0.7506 13 0.15
USD/HKD 7.7900 13 0.14
USD/HUF 352.0600 28 0.32
USD/ILS 3.7745 26 0.3
USD/JPY 143.89 69 0.78
USD/MXN 19.4129 5 0.06
USD/NOK 10.4860 10 0.11
USD/NZD 1.6032 62 0.7
USD/PLN 3.8247 26 0.29
USD/RON 4.4463 22 0.25
USD/SAR 3.7532 27 0.3
USD/SEK 10.1698 10 0.11
USD/SGD 1.2906 77 0.86
USD/THB 32.9400 30 0.34
USD/TRY 34.1304 3 0.03
USD/ZAR 17.4201 6 0.06
UST/CHF 0.8511 117 1.31
UST/EUR 0.8964 112 1.25
UST/GBP 0.7510 133 1.49
UST/USD 1.0006 100 1.12
XLM/CHF 0.0816 1225 13.67
XLM/EUR 0.0860 1163 12.98
XLM/GBP 0.0720 1388 15.49
XLM/USD 0.0960 1042 11.63
XMR/USD 183.5400 54 0.61
XRP/USD 0.5865 17050 190.34
XTZ/USD 1.2200 81967 915.02
YFI/USD 5 017.9000 199 2.22
ZAR/CZK 1.2889 776 8.66
ZAR/HUF 20.1640 496 5.54
ZAR/JPY 8.26 1211 13.52
ZAR/MXN 1.1148 90 1
ZAR/THB 1.8855 5304 59.21
ZAR/TRY 1.9635 51 0.57

Key Limitations

  1. Every Participant should have only one unique nickname and email linked with his/her personal details, which will be used for the account opening with Dukascopy in case of awarding of a Contest prize.
  2. Only Participants who have a positive balance more than 100,000 may claim to be awarded by any of the prizes.
  3. Trader’s blog posts should not be shorter than 50 words and may be written in any language. In case post contains picture or chart the limitation lowers to 20 words.
  4. Use of offensive or abusive language may cause disqualification from Dukascopy Community and Contest.
  5. Official results of every month will be published during 2 weeks.
  6. Dukascopy reserves the right to set a 1-day ban to any contest participant or community user in case of continuous breaches of contest rules. A permanent disqualification can be applied if a serious violation is detected.

Ranking Calculation Rules

Each month, the score table is formed on the basis of 4 criteria, with a maximum total score of 303-306 points:

  1. Performance - real increase of capital. Maximum - 200 points.

  2. Signal subscribers - nomination consists of 2 components:

    • DEMO - cumulative traded volumes copied by the DEMO signal subscribers active in Social Trading contest are taken into account. Restriction: the copied volume is counted if signal subscriber has subscribed to at least 5 providers. Maximum 15 points.
    • LIVE - cumulative traded volumes copied by the LIVE signal subscribers are taken into account. Maximum 10 points.

  3. Orders quality - volume-weighted share of trades made with conditional orders. It is calculated as a ratio of the traded volume made with conditional orders to the total traded volume. Conditional orders include pending Entry orders, SL and TP orders. Maximum – 50 points.
  4. Trader’s blog - The score entered by a moderator for the quality and accuracy of the posts with "Trader's blog" tag. Maximum 28-31 points (depends on the number of days in the current month).

According to the places in nomination 'Performance' ,the Participants will gain points from 200 till 1 in the following sequence: (1) 200, (2) 180, (3) 170, (4) 165, (5) 160, (6) 159, (7) 158, ... (164) 1.

For 'Signal subscribers' points are assigned linearly.

  • DEMO: (1) 15, (2) 14, (3) 13, ... (15) 1.
  • LIVE: (1) 10, (2) 9, (3) 8, ... (10) 1.

The 'Order's quality' evaluation is obtained from the volume-weighted share of trades made with conditional orders. The percentage of such trades is then multiplied by the maximum score – 50 points. E.g. 90% of conditional volumes – 45 points, 50% - 25 points, etc.

Moderators are checking the Trader's blog for all participants, that shall not post more than 1 time per day. 1 post per 1 day is counted and the maximum points depend on the number of days in the particular month. The Contest moderator decides whether to assign points for the posts or not. Posting of spam, senseless posts, plagiarism and over-citing will be punished by assigning -1 point for each post. The rule “1 post per 1 day is counted” is not applied for spam-posts.

Please notice: At equal quantity of points, the preference will be given to the trader with the latest date of registration in the Contest.


Only Participants with real positive increase of capital can be treated as Contest nominees.
The winners with higher than 60% of max draw-down can also claim prizes.

Prizes and Awarding Rules

  1. The total prize pool of USD 28,000 is distributed among 30 winners of the Contest in the following manner:
    • 1st place and nomination 'The Trader of the Month' - 6,000 USD.
    • 2nd place - 3,500 USD
    • 3rd place - 2,500 USD
    • 4th place - 2,000 USD
    • 5th-6th place - 1,500 USD
    • 7th-10th places - 1,000 USD
    • 11th-20th places - 500 USD
    • 21st-30th places - 200 USD
  2. The contest winners may withdraw their cash prizes and the profits generated from their cash prizes on their respective sub-accounts after meeting the minimum turnover requirement. The minimum turnover requirement constitutes 2.5 million USD for every 100 USD won in the contest.:
    • 1st place - 150 million USD
    • 2nd place - 87.5 million USD
    • 3rd place - 62.5 million USD
    • 4th place - 50 million USD
    • 5th-6th place - 37.5 million USD
    • 7th-10th places - 25 million USD
    • 11th-20th places - 12.5 million USD
    • 21th-30th places - 5 million USD
  3. Participants are allowed to withdraw funds in full only when there are no blocked prizes on the account. Profit can only be withdrawn when there are no blocked prizes on the account.

    If there are both blocked and unblocked prizes:
    • participants are only allowed to withdraw the sum of unblocked prizes;
    • only the positive difference between equity and sum of blocked funds can be withdrawn;
    • the sum of withdrawn funds can't exceed the sum of unblocked funds.
  4. Top-3 position winners are required to take part in one broadcast of Dukascopy Community TV. Broadcasts are open-format and Participants have the opportunity of presenting the trading strategies and principles that lead them to success in the particular contest, taking part in the discussion of one of the open discussion of the Live TV or suggesting another topic of their interest related to Forex/Economics/Trading psychology etc.

    The broadcast is to be carried within one calendar month after the end of the contest month. Dukascopy representatives will be in contact with every of the winners to appoint a commonly convenient time for the broadcast.

    The only device Participants need to take part in the web-broadcast is a microphone and a web-cam. Broadcasts are held in English. Cases when the prize winner does not master English at a sufficient level will be solved on an individual basis: either by outsourcing an interpreter or via other individual solutions.
  5. If Participant does not have a live account with Dukascopy, then he/she should proceed to the live account opening procedure in a regular way. If Participant does not comply with live account opening requirements, Dukascopy reserves the right to cancel the cash prize.
  6. Cash prizes may be credited only to a live sub-account open with Dukascopy in the name of the relevant Participant.
  7. LIVE accounts which are credited with prize money are considered LIVE Prize accounts. LIVE Prize accounts can be credited only with cash prize money. Clients are not allowed crediting their own funds on this type of account.
  8. Prizes may only be credited to sub-accounts which are not linked to any Business Introducer. If needed, Dukascopy opens new sub-accounts not linked to the Participants’ Business Introducers, if any, and credit the prize(s) on such new sub-accounts.
  9. If a Participant already has a Live account but has not yet any open sub-account, Dukascopy opens a sub-account in the Participant’s reference currency and credits the prize(s) on this sub-account.
  10. Save contrary and valid preliminary written instruction of the Participant, Dukascopy converts the prize(s) into the currency of the sub-account on which the prize(s) shall be credited in application of the present “Prizes and Awarding Rules”. Such conversion is subject to fees as per the fee schedule posted on Dukascopy’s website.
  11. In case of Participant's refusal to participate in promotional events, interviews, public announcements in connection with the Contest, Dukascopy has the right to disqualify such Participant and give the respective prize to another Participant.

Fair Play

  1. Participants acknowledge and agree to make efforts to respect the principles of Fair Play.
  2. Participants must refrain from any dishonest and unfair conduct even if these activities are not fully described within the framework of the Contest rules.
  3. Such activities include, but are not limited to:
    • Registration of persons that are directly or indirectly related to other Participant
    • Various team tactics that include consolidation of Participants into a group with a purpose to get a statistical advantage on one of the accounts
    • Trading in opposite directions within one or more accounts
    • Spamming in private messages and comments
    • Any kind of manipulations with Orders quality points and other statistics
    • Other activities used to get an unfair advantage over other Participants

6/12 Statistiche per Signal Provider Grand Prix

  1. Total pip-points gained – The number of pip-points (EUR/USD pips equivalent) scored during the given statistical period.
  2. Avg. pip-points outcome from all positions – The average number of EUR/USD pips equivalent points gained/lost on all positions opened during the given statistical period.
  3. Most profitable trade – The number of EUR/USD pips equivalent points gained on the most profitable position opened during the given statistical period.
  4. Worst trade - The number of EUR/USD pips equivalent points lost on the most detrimental position opened during the given statistical period.
  5. Avg. pip-points gain on positive positions - The average number of EUR/USD pips equivalent points gained on all positive positions opened during the given statistical period.
  6. Avg. pip-points lost on negative positions - The average number of EUR/USD pips equivalent points lost on all negative positions opened during the given statistical period.
  7. Number of trades – Total number of trades conducted during the given statistical period.
  8. Avg. position size (USD) – The average size of a position opened during the given statistical period, in USD.
  9. Avg. trade time – The average duration of all positions opened during the given statistical period. From opening to closure.
  10. Maximum drawdown (%) – Maximum equity's depreciation, calculated as the percentage between the highest equity value and the lowest one during the given statistical period.
  11. Number of drawdowns – Total number of consecutive equity contractions during the given statistical period.
  12. Volume-weighted share of trades conducted with conditional orders – calculated as a ratio of the Traded volume made with conditional orders to the Total traded volume. These include entry pending orders, Stop-Loss and Take-Profit orders.
  13. Win/Loss ratio – Ratio of positive vs. negative positions opened during the given statistical period.

Charts

  1. Cumulative Profit/Loss dynamics - The chart is based on the continuous sum of periodic profits & losses. Starts from zero although traders actually start their trading with an initial deposit of 100,000 USD every month.
  2. Contest standings – Current rank of the trader in the respective period’s (1 month, 6 month or 1 year) standings of the Trader contest.
  3. Performance – Historical profit & loss results along a selected statistical period. Shown in pip points (EUR/USD pips equivalent).
  4. Traded volumes – Volumes traded historically during a selected statistical period. Shown in USD.
  5. Instruments – Distribution of instruments the trader uses for trading.

Other rules and policies

  1. Dukascopy reserves the right to use any kind of information posted by Participants within the framework of the Contest for its own purposes without prior coordination and approval from the authors. These purposes may include any kind of promotional activities or publicity campaigns, statistics collection etc.
  2. Dukascopy reserves the right to disqualify a Participant, to change the Contest rules, requirements and awards, without prior notice and at any time and at its sole discretion.

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